Chapter 1: Listening
by PRASHANT SHAH -
Me: I have been trading the markets, but have had no luck. It is really difficult to become successful here. You: Hmm. Which instruments you trade? Me: I have traded in all possible ways. I have invested in stocks in the short term. I have a long-term portfolio. I have traded derivatives. I have done ... Read more
Chapter 2: The Problem
by PRASHANT SHAH -
You: I want you to know that you have worked very hard. You are intelligent and experienced. You have understood several aspects of trading and investment. Me: Yes, but I am not successful. I need to find the solution to my problem. You: In today’s era, where information is easily available, finding the solution is ... Read more
Chapter 3: Duties
by PRASHANT SHAH -
Me: What is a better time frame for trading if you want to generate good returns? People say you benefit by investing for the long term. You: What is the definition of long term? Me: May be one year? You: Why one year? Because of tax benefits? Or is it that you might need the ... Read more
Chapter 16: Personality
by PRASHANT SHAH -
Me: Heaven, earth, and hell modes of our nature compete. At times, one emotion starts dominating and we take wrong decisions even when we know somewhere within that it is not right. We succumb to emotional decisions in trading and lose the sight and control. Do the modes of qualities that dominate depends on our ... Read more
Chapter 17: Purpose
by PRASHANT SHAH -
Me: There are many successful traders and investors who do not maintain documents and records. There are also different trading styles like scalping or arbitration. They might know about all these things and still be successful. You: They are good practitioners. They focus on opportunities and their execution of the trade. The method that they ... Read more
Chapter 18: Happiness
by PRASHANT SHAH -
Me: We have discussed some important aspects of trading. Many people see all these as a theory and ignore it. You: The question is are you happy with your trading. If yes, ignore all these. If no, you need to repair something. If it’s not working, you might not be focusing on areas you should. ... Read more
